The co-founder of the semiconductor and processor manufacturer Intel Gordon Moore died this Friday at the age of 94, the company said in a statement.
The fellow philanthropist passed away peacefully at his home in Hawaii, surrounded by his family.
Moore founded Intel with the late Robert Noyce in 1968, after which he held various positions at the company, including president and chief executive officer, until his retirement in 2006.
He also dedicated more than $5 billion to various charitable projects through his foundation, primarily related to environmental conservation and science.
Before founding Intel, Moore worked with Noyce for William Shockley, the co-inventor of the transistor and founder of Shockley Semiconductor, the first semiconductor company in what would become Silicon Valley.
"Gordon Moore defined the history of technology," current Intel CEO Pat Gelsinger said in the statement.
The businessman was also responsible for the famous 'Moore's law', which predicted in 1965 that the number of transistors in an integrated circuit would double every year.
The prediction came true for a time and cemented the idea of exponential growth in the semiconductor industry, which aspires to create ever faster and smaller chips, the company explained.
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